Aaron Industries is about to become part of a New York State-based organization in an acquisition announced yesterday.
Mitch Singer, President and CEO of PL Developments, headquartered in Westbury, New York said “We are very pleased to bring together two well-run organizations with strong cultures that have focused on manufacturing excellence, quality products and high-level customer service.” Singer said “PL Development’s preeminent position in the solid dose market segment, combined with Aaron Industries’ strength in liquids and first aid products, allows us to provide greater product depth and choices for the growing needs of our retail partners and the consumer packaged goods industry.”
Aaron Industries was founded in 1981 and is headquartered in Clinton. Aaron Industries President and CEO James L. Medford said “This merger is the culmination of our efforts to build a successful company that produces the highest quality of products by the best people.” He said “PL Developments is the ideal partner to take us to the next level as the trusted provider to the retail and consumer packaged goods industries. We share the same principles that have driven our individual success which are based on providing value, service, quality, integrity and excellence in all that we do.”
Aaron Industries’ operations will be completely integrated into PL Developments with combined company headquarters in Westbury, N.Y. Its manufacturing and distribution facilities will remain in Clinton and Los Angeles.
PL Developments President and CEO Mitch Singer said “PL Developments is well positioned to be part of the solution for reigning in escalating national healthcare costs.”
Terms of the acquisition of Aaron Industries were not announced, noting both firms are privately held. After federal approval, it’s anticipated the acquisition will be finalized later this month.